Quote:
Originally Posted by Unregistered
Wow... that's $300,000 (at 30%) for a twenty-something year old (i think most private bankers are young gals ...)!!!! Very well-paid. Is $100 m the typical range of client's assets they are in charge of?
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First you have to find the 100M... and it is in USD not SGD
30% is way too high. Try 12 to 18% depending on banks. So ave 15% is more realistic
So as a base, USd 100 M, or SGd 130M at 15% gives you about SGD 200K
However in today's market, the target may not be USD 1M anymore, but closer to USD 1.5M
USd 1 M revenue is nonthing to shout about.